Having worked for years in the finance industry, first as an investment banker and now for years at a distressed/value focused investment firm, I've seen my share of blogs, newsletters, equity research publications and other various news sources. Peridot Capitalist is one of the only blogs that I follow regularly - I find it to be clear, well-reasoned, and most importantly an independent viewpoint that comfortably diverges from the mainstream when it makes sense.
On the broad market side, amidst the avalanche of information available (just think of the many talking heads on CNBC, all stating different opinions with scant fundamental support) I find the market commentary of Peridot to be excellent and well-informed. The blog cuts through the nonsense and market noise and focuses on medium to longer-term market trends that are rooted solidly in fundamentals and real analysis rather than momentum and conjecture. As an example I point to the fact that this blog used fundamentals to bravely (and correctly) argue that the market was around the bottom back in March 2009 - when market pessimism was at a peak.
The stock picks are similarly well-reasoned. Most impressively, they display the adequate degree of skepticism - evaluating the common viewpoint on industries and companies with a clear-headed and objective look at the fundamentals. The only times that it diverges from the fundamentals are for very well-argued reasons, such as for example to point out highly relevant agency problems (i.e., a recent blog post pointed to a founding CEO's own situation and history to explain why he would be an unlikely seller despite possible buyer interest - the analysis was spot on).
In sum, while I don't agree with everything that's written on Peridot I still find the all of the posts well-reasoned and interesting. This is a must-read for market watchers who are inundated with talking heads and want a clear voice amidst it all.
This review is the subjective opinion of an Investimonials member and not of Investimonials LLC
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